Stock Exchange: Wall Street ends up, under the Omicron, Fed and Congress clouds<

Market review.The New York Stock Exchange finished in pronounced withdrawn on Monday, made nervous with bad news from the pandemic, a setback for Joe Biden at the Congress and the narrow room for maneuver of the Fed.

The Toronto Stock Exchange began the week with a marked slide, while governments all over the world tightened the restrictions linked to COVID-19 to adjust the increase in the number of cases of contamination attributable to the new variant omicron.

Stock market indices when closed

À Toronto, le S&P/TSX a reculé de 200,97points (-0,97%) à 20 538,22points.

À New York, le S&P 500 a terminé en baisse de 52,62points (-1,14%) à 4 568,02points.

The Nasdaq fell from 188.74 points (-1.24%) to 14,980.94 poles.

The DOW closed down 433.28POINTS (-1.23%) to 34,932.16POINTS.

The Huard fell by US $ 0.0032 (-0.408 7%) to 0.7726 US $.

Oil closed down US $ 2.20 (-3.10%) to $ 68.66 US.

Gold closed down US $ 14.90 (-0.83%) to $ 1,790.00 US US.

Bitcoin rose from US $ 360.18 (+0.77%) to $ 47,083.30 US US.

The context

"The uncertainty about the final impact of the omicron variant continues," said Schwab analysts in a note.

@Saltnpep75 @sub4himnotu don’t work pep, he’s a trained professional.....

— DryCleanOnly ✈️🍽🍸😷💉vaxxed Thu Apr 02 02:08:22 +0000 2020

If the intensity of the virus seems relatively moderate, as anticipated, its speed of propagation nevertheless led the authorities of several countries to set up health restrictions.

The omicron variant "adds to uncertainty about interest rates", according to Sam Stovall, responsible for the investment strategy of the CFRA firm.The propagation of omicron poses the risk of an economic slowdown, but which would undoubtedly be accompanied by inflation, because it would aggravate the disturbances of the supply chain.

"The Fed (American Central Bank) is a bit stuck", considers the analyst, "because inflation will be a problem in both cases", if the economy leaves or if it is disturbed permanently by the new variant,"And that could force her to raise the rates" whatever happens.

To the pandemic was added the reverse suffered by President Joe Biden at the Congress, whose massive social and environmental measures appear close to failure.

Moderate Democratic Senator Joe Manchin said on Sunday that he would not vote for the text, when his voice was able to tip the balance for Joe Biden.

Several media nevertheless reported on Monday that the senator from Virginie-Western had not yet definitively closed the door.

"The persistent will of M.Manchin to negotiate gave the market a little hope of seeing an agreement, "said briefing analysts.com, which allowed the indices to limit their losses on the session.The bond rates stretched slightly at the end of the day, the yield of American state loans at 10 years appearing at 1.42% against 1.40% Friday.

Among the values in the spotlight Monday, the American publisher of remote computer and giant of computer science (Cloud), Oracle (Orcl), was sanctioned (-5.15% at US $ 91.64) after the'Announcement of the acquisition of CERNE (CERN) (+0.80% at US $ 90.49), company specializing in IT services in the medical sector, for a business value of 28.3 billion $ US.

The biggest capitalizations of Wall Street, Apple (AAPP) (-0.81%) and Microsoft (MSFT) (-1.20%), continued to fall back, disabled by profits after a vintagesplendor.

Also in reverse, Tesla (TSLA) (-3.50%) and the new stars of electric transport, Rivian (Rivn) (-7.90%) in Lucid (LCID) (-5.05%), valuesgrowth shunned by investors who have brought them to valuations greater than those of car giants.

Novavax (NVX) skidded (-7.07% at US $ $ 201.95) despite the green light on Monday from the European Medicines Agency (EMA) to the marketing of its anti-Cavid vaccine.Nuvaxovid is based on more classic technology, similar to that used for hepatitis B vaccines or darling.

The competitor of Novavax, Moderna (MRNA), has also unscrewed (-6.25% to US $ 276.38) despite the publication of the results of a clinical study which shows that a reminder of his anti-COVVIVDone with a complete dose, against half a dose currently, even more increases its effectiveness against the omicron variant of the coronavirus.

The AMC cinemas chain (AMC) has been pulled out (+1.99% at US $ 29.70) after the announcement that the film "Spider-man: No Way Home" had gathered 253millions of $US at the North American box office this weekend, the third best outing of all time, pandemic or not.

The Italian fashion house Ermenegildo Zegna (IIAC) made an encouraging beginnings to Wall Street (+5.92% to US $ 10.74), where it entered through an invested European financial vehicle, becomingThus the first Italian fashion label to be listed in New York.